Background

The CEPP – Peanuts factors necessary to establish a producer’s amount of protection under the peanut program for the 2024 CY are identified below. The factors are applied to the commodity prices for wheat, cotton, soybean oil, and soybean meal during the discovery period of February 1, 2024, to February 28, 2024. These factors apply only to states with a SCD of March 15, 2024.

Background

The Risk Management Agency (RMA) periodically receives inquiries from producers who are interested in WFRP and Micro Farm but are unable to find an agent willing to sell and service these policies. In 2022 and 2023, RMA conducted extensive outreach to directly educate producers, agents, and Approved Insurance Providers (AIPs) about WFRP and Micro Farm. Over 2,000 people attended these events with feedback resulting in meaningful policy updates and an increase in Micro Farm sales.

Background

The Federal Crop Insurance Corporation (FCIC) Board of Directors approved expansion of the Nursery Value Select (NVS) crop insurance program beginning with the 2025 crop year. In addition, the Crop Provisions are being updated to include small clarifications for consistency with the Basic Provisions.

Action

The NVS Crop Provisions (25-1010) are available on the Risk Management Agency (RMA) website at www.rma.usda.gov.

As of January 23, 2024 the following information is now available on the FTP site:

• 2024 Actuarial Data Master for the 8/31, 11/30, 1/31 Filing Date, YTD, and Daily Files.

Users can find this information in the following directories:

• 2024 Actuarial Data Master are in the References/Actuarial_Data_Master/2024 directory.

Additional notes and details regarding this data release:

In accordance with the Weaned Calf Risk Protection Commodity Exchange Price Provisions (CEPP), the Risk Management Agency (RMA) approved 2024 CY projected prices and price volatility factor. The projected prices and volatility factor are applicable for the states indicated in the table below.

As of January 17, 2024 the following information is now available on the FTP site:

• 2023 Actuarial Data Master for the 6/30, 11/30 Filing Date, YTD, and Daily Files.
• 2024 Actuarial Data Master for the 11/30 Filing Date, YTD, and Daily Files.

Users can find this information in the following directories:

Background

The USDA’s Risk Management Agency (RMA) manages the Supplemental Coverage Option (SCO) and Stacked Income Protection Plan (STAX), and USDA’s Farm Service Agency (FSA) manages the Agriculture Risk Coverage (ARC) and Price Loss Coverage (PLC) programs.

In order to make sure stakeholders are reminded of eligibility requirements, RMA is releasing additional information based on questions that have been asked. No program changes have been made with the release of these new documents.

Background

The CEPP – Peanuts factors necessary to establish a producer’s amount of protection under the peanut program for the 2024 CY are identified below. The factors are applied to the commodity prices for wheat, cotton, soybean oil, and soybean meal during the discovery period of January 15, 2024, to February 14, 2024. These factors apply only to states with a SCD of February 28, 2024.

For the Common Crop Insurance Policy, the Risk Management Agency (RMA) approved 2024 CY projected prices and price volatility factors for insurance offers with a projected price discovery period of December 15, 2023, through January 14, 2024. These values may be viewed in the attachment and on RMA’s Price Discovery portal, located here: public-rma.fpac.usda.gov/apps/PriceDiscovery.

These values will also be available at the following locations on RMA’s website by January 18, 2024: